China Plans To Crackdown On Private Tutoring Companies: Reuters
China is planning a tough crackdown on the country's $120 billion private tutoring industry, Reuters reported.
China to Impose Tougher Restrictions on Private Tutoring Industry, Including Bns on Vacation Tutoring, Restrictions on Advertising
-Reuters
https://www.reuters.com/world/china/exclusive-china-unveil-tough-new-rules-private-tutoring-sector-sources-2021-06-16/
60 Biggest Movers From Yesterday
Gainers
Vertex Energy, Inc. (NASDAQ: VTNR) shares climbed 124.2% to settle at $3.99 on Thursday after the company announced plans to acquire a Alabama refinery and related logistics assets.
Recap: LAIX Q1 Earnings
Shares of LAIX (NYSE:LAIX) moved higher after the company reported Q1 results.
Quarterly Results
Earnings per share rose 107.14% year over year to $0.04, which beat the estimate of ($0.60).
Earnings Scheduled For May 26, 2021
Companies Reporting Before The Bell
• Boqii Holding (NYSE:BQ) is expected to report quarterly loss at $0.14 per share on revenue of $35.05 million.